WMS Partners LLC continued to hold its position in Omnicom Group Inc. (NYSE:OMC) during the first quarter, Holdings Channel reports. The fund owned 4,595 shares of the business services provider’s stock at the end of the first quarter. WMS Partners LLC’s holdings in Omnicom Group were worth $396,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of OMC. MUFG Americas Holdings Corp boosted its position in Omnicom Group by 0.3% in the first quarter. MUFG Americas Holdings Corp now owns 8,326 shares of the business services provider’s stock valued at $718,000 after buying an additional 26 shares in the last quarter. Sawtooth Solutions LLC boosted its position in Omnicom Group by 0.4% in the first quarter. Sawtooth Solutions LLC now owns 8,961 shares of the business services provider’s stock valued at $773,000 after buying an additional 33 shares in the last quarter. Howard Capital Management boosted its position in Omnicom Group by 1.2% in the first quarter. Howard Capital Management now owns 3,452 shares of the business services provider’s stock valued at $298,000 after buying an additional 40 shares in the last quarter. Point View Wealth Management Inc. boosted its position in Omnicom Group by 3.6% in the first quarter. Point View Wealth Management Inc. now owns 2,604 shares of the business services provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in Omnicom Group by 3.3% in the first quarter. Sigma Planning Corp now owns 3,678 shares of the business services provider’s stock valued at $317,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE OMC) traded up 0.54% on Friday, hitting $83.31. 2,317,570 shares of the stock traded hands. Omnicom Group Inc. has a 12 month low of $75.61 and a 12 month high of $89.66. The firm’s 50 day moving average is $82.95 and its 200-day moving average is $84.80. The company has a market cap of $19.39 billion, a PE ratio of 16.98 and a beta of 1.25.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Omnicom Group had a return on equity of 42.34% and a net margin of 7.54%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. Equities analysts predict that Omnicom Group Inc. will post $5.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, June 12th. Omnicom Group’s dividend payout ratio is presently 44.81%.
Several equities analysts recently issued reports on the stock. Macquarie cut shares of Omnicom Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, May 20th. Wedbush cut their price target on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Finally, Barclays PLC reissued a “hold” rating and issued a $86.00 price target on shares of Omnicom Group in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $86.23.
In related news, Chairman Bruce Crawford sold 22,800 shares of Omnicom Group stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now owns 105,250 shares in the company, valued at approximately $8,936,777.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of Omnicom Group stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the sale, the director now owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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